The International Monetary Fund (IMF), on 16 April 2024 raised India’s Gross Domestic Product (GDP) growth projection to 6.8 percent for the financial year (FY) 2024-25, up from its previous forecast of 6.5 percent.
- India’s growth is attributed to strong domestic demand and a rising working-age population.
- The global growth rate is estimated at 3.2 percent in 2023, projected to continue at the same pace in FY 2024-25 and FY 2025-26.
- India remains the fastest growing economy globally, surpassing China’s growth projection of 4.6 percent during the same period.
Q: What is India’s revised GDP growth projection for the financial year 2024-25, according to the IMF forecast April 20204?
a) 6.5 percent
b) 6.8 percent
c) 7.0 percent
d) 6.2 percent
Ans : b) 6.8 percent
